Question

SRI West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day adult lift ticket can be purchased for $
season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required
season pass to Jake Lawson? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required
purchased for $90. Adult customers also can purchase a season pass that entities the pass holder to ski any day during the se
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Answer #1

1. Equally throughout the season.

2.

Date Account title and explanation Debit Credit
Nov. 6, 2018 Cash            475
        Unearned revenue            475
Dec. 31, 2018 Unearned revenue (475/3)            158
           Earned revenue (or) Revenue            158

3.

Amount $ 158 included in income statement
Amount $ 317 remaining balance in balance sheet
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